EEIM-665: The Energy Industries and Markets: Canada and Beyond Report a Broken Link

In this course, students will develop a broad understanding of the energy sector and energy markets from a business point of view. Energy markets are complex and influenced by many rapidly changing factors: technology development, global politics, new competitive pressures, regulation, and environmental challenges. The course will focus on how these external factors affect market conditions and on what business strategies are employed to deal with those effects.

Required Readings

Week 1

       This site illustrates an energy options matrix.

Week 2

Week 3

Reading 23: Banks, F. E. (2015). The world of energy 2: An applied survey. In Energy and economic theory (pp. 87-140). Singapore: World Scientific.

        Focus on the Coal chapter, pp. 1.1-1.32.

Week 4

        Note: Read sections on the topics of exploration and drilling, but feel free to browse through the rest of the contents.

        This map shows detail on some critical passages for oil trade between the Middle East and Asia.

Note: Please read only the following portions of this report: Introduction (pp. 1-2); The rebound of the Russian Economy (pp. 10-13); The Indispensable Power - Russia in Global Energy Security (pp. 27-31); A Future in Gas (pp. 32-33); The Booms and Busts of Oil (pp. 3 3-35); Capturing the Oil Windfall for the State (pp. 35-37); Oil Production - Possibilities and Constraints (pp. 54-57); and Conclusion (pp. 57-59).

Week 5

A two-day summary of prices and demand in the United Kingdom wholesale market (note the positive correlation between price and load) by the Balancing Mechanism Reporting System of NETA (New Electricity Trading Arrangements).

The electricity market operator website for Norway is provided above. To get a sense of the different designs being used globally, take a look at a sampling of other electricity market operators at the following links:

PJM (U.S.):

New England (U.S.):



United Kingdom:

Week 6

Read sections I-IV, pp. 1-22

Read sections V-VI, pp. 23-34

Week 7

Week 8

        Read only the Summary, pp. 9-10: Introduction, pp. 11-13; The Technology Potential, pp. 15-21; Japan, pp. 33-39.